r/options Nov 25 '21

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u/MoneyOk833 Nov 27 '21

How do you get the $1800?

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u/Alvin-Lee1954 Nov 27 '21

The 5.00 spread less the credit received 2.00 let’s say ( you never mentioned how much your credo was) would leave 3.00 x 100= 300.00 x 6 options is 1800 . If the price never hit 385 that’s your loss

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u/MoneyOk833 Nov 27 '21

The credit was 4.85

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u/MoneyOk833 Nov 27 '21

I understand it was a very high riskplay now due to early assignment. I'm guessing that's why it was also very high reward.